Common use of The Note Collateral Agent Clause in Contracts

The Note Collateral Agent. ▇▇▇▇▇ Fargo Bank, National Association has been appointed Note Collateral Agent for the Noteholder Secured Parties hereunder pursuant Section 10.07 of the Indenture. It is expressly understood and agreed by the parties to this Agreement that any authority conferred upon the Note Collateral Agent hereunder is subject to the terms of the delegation of authority made by the Noteholder Secured Parties to the Note Collateral Agent pursuant to the Indenture, and that the Note Collateral Agent has agreed to act (and any successor Note Collateral Agent shall act) as such hereunder only on the express conditions contained in such Section 10.07 of the Indenture. Any successor Note Collateral Agent appointed pursuant to Section 10.07(g) of the Indenture shall be entitled to all the rights, interests and benefits of the Note Collateral Agent hereunder.